Truist Financial Cuts Dollar Tree (NASDAQ:DLTR) Price Target to $76.00

Dollar Tree (NASDAQ:DLTR) had its target price dropped by equities researchers at Truist Financial from $83.00 to $76.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective indicates a potential upside of 9.81% from the company’s previous close.

Several other analysts have also issued reports on the stock. Citigroup upped their target price on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. UBS Group decreased their price objective on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Wells Fargo & Company cut their target price on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Jefferies Financial Group upped their target price on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Finally, StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $83.89.

Dollar Tree Trading Up 3.1 %

DLTR opened at $69.21 on Tuesday. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $137.14. The firm has a market capitalization of $14.88 billion, a PE ratio of -14.51, a P/E/G ratio of 2.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The company’s 50-day moving average is $71.03 and its 200 day moving average is $70.13.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the company earned $2.55 earnings per share. As a group, research analysts predict that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dollar Tree

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLTR. Empowered Funds LLC boosted its holdings in Dollar Tree by 14.4% in the 3rd quarter. Empowered Funds LLC now owns 3,453 shares of the company’s stock worth $243,000 after buying an additional 435 shares during the period. Quest Partners LLC boosted its holdings in shares of Dollar Tree by 28.3% in the third quarter. Quest Partners LLC now owns 2,006 shares of the company’s stock worth $141,000 after acquiring an additional 442 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after acquiring an additional 284 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Dollar Tree by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,253,423 shares of the company’s stock valued at $88,141,000 after purchasing an additional 10,681 shares in the last quarter. Finally, Raymond James Trust N.A. raised its stake in shares of Dollar Tree by 66.3% during the 3rd quarter. Raymond James Trust N.A. now owns 8,309 shares of the company’s stock valued at $584,000 after purchasing an additional 3,313 shares during the period. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Company Profile

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.